IEA: Solar Power to Dominate Global Electricity Generation by 2030

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Adi Ahdiat 28/10/2022 15:40 WIB

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Based on current national policies, solar photovoltaic (PV) energy will dominate global electricity generation by 2030.

Global Installed Electricity Generation Capacity by Energy Source (2010-2050)*

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IEA: Solar Power to Dominate Global Electricity Generation by 2030

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Global Installed Electricity Generation Capacity by Energy Source (2010-2050)*

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The International Energy Agency (IEA) projects that solar power will become the main pillar of the world's electricity generation by 2030. This projection was presented in the *World Energy Outlook* report released in October 2022.

According to IEA data, in 2021, the installed capacity of photovoltaic solar power plants (PLTS) worldwide reached 892 gigawatts (GW).

Based on current national policies (stated policies scenario), the global photovoltaic PLTS capacity is planned to increase to 3,020 GW by 2030.

This figure is significantly larger than the capacity of other renewable energy sources or fossil fuel power plants such as coal, oil, and natural gas.

If current policies are consistently implemented by all countries, the capacity of photovoltaic PLTS could even grow to dominate 65% of the world's electricity supply by 2050.

"The price of photovoltaic modules has fallen by 80% over the past decade thanks to continuous innovation throughout the supply chain. Photovoltaic solar energy has become the most affordable electricity generation technology in many regions," stated the IEA in its report.

The IEA predicts this will lead to increased demand for raw materials for the production of photovoltaic solar modules, such as silver and metallurgical-grade silicon.

"Clean energy presents a significant opportunity for economic growth and job creation, while also becoming an arena for international economic competition," said the IEA.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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IEA: Solar Power to Dominate Global Electricity Generation by 2030

IEA: Solar Power to Dominate Global Electricity Generation by 2030

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IEA: Solar Power to Dominate Global Electricity Generation by 2030

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